Brokerages Set Weyerhaeuser Company (NYSE:WY) Price Target at $28.88

Shares of Weyerhaeuser Company (NYSE:WY) have been given an average recommendation of “Moderate Buy” by the ten analysts that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $28.8750.

Several analysts have recently issued reports on WY shares. Weiss Ratings raised Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Citigroup cut their target price on Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. DA Davidson reissued a “buy” rating and set a $31.00 target price on shares of Weyerhaeuser in a research report on Monday, May 4th. Wall Street Zen raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Truist Financial cut their target price on Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating on the stock in a research report on Wednesday, April 15th.

Hedge Funds Weigh In On Weyerhaeuser

Several hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP grew its position in shares of Weyerhaeuser by 4.4% during the 4th quarter. Wellington Management Group LLP now owns 41,378,212 shares of the real estate investment trust’s stock worth $980,250,000 after buying an additional 1,731,315 shares in the last quarter. First Eagle Investment Management LLC grew its position in shares of Weyerhaeuser by 166.1% during the 4th quarter. First Eagle Investment Management LLC now owns 37,621,004 shares of the real estate investment trust’s stock worth $891,242,000 after buying an additional 23,485,504 shares in the last quarter. State Street Corp grew its position in shares of Weyerhaeuser by 1.7% during the 4th quarter. State Street Corp now owns 33,031,378 shares of the real estate investment trust’s stock worth $782,513,000 after buying an additional 562,781 shares in the last quarter. Norges Bank bought a new position in shares of Weyerhaeuser during the 4th quarter worth $549,531,000. Finally, Geode Capital Management LLC grew its position in shares of Weyerhaeuser by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 20,299,110 shares of the real estate investment trust’s stock worth $479,155,000 after buying an additional 225,227 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Down 0.4%

WY stock opened at $24.22 on Thursday. Weyerhaeuser has a twelve month low of $21.16 and a twelve month high of $27.75. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. The stock has a market cap of $17.47 billion, a P/E ratio of 44.86, a PEG ratio of 1.38 and a beta of 0.89. The business’s 50-day moving average price is $24.22 and its 200-day moving average price is $24.51.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the previous year, the firm earned $0.11 EPS. The firm’s revenue was down 2.0% compared to the same quarter last year. On average, equities research analysts forecast that Weyerhaeuser will post 0.32 EPS for the current year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Friday, June 5th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Friday, June 5th. Weyerhaeuser’s dividend payout ratio is 155.56%.

Weyerhaeuser Company Profile

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.